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Oversampling and questionnaire effects on precision and coverage of wealth

Oversampling and questionnaire effects on precision and coverage of wealth. The new features of the French Wealth Survey wave 2010. Short presentation of the French Wealth Survey. Exists since 1986, a wave conducted every 6 years Aims at measuring households’ wealth and indebtedness

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Oversampling and questionnaire effects on precision and coverage of wealth

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  1. Oversampling and questionnaire effects on precision and coverage of wealth The new features of the French Wealth Survey wave 2010

  2. Short presentation of the French Wealth Survey • Exists since 1986, a wave conducted every 6 years • Aims at measuring households’ wealth and indebtedness • Fed with the experience accumulated along 20+ years, also with other surveys (in particular the SCF in the US) • In 2010, the French Wealth Survey is included in the Household Finance and Consumption Survey (HFCS)

  3. The new features of the French Wealth Survey 2010 • Enlargement of the field and the concept • Oversampling of the wealthy • Questionnaire strategy • Imputation strategy

  4. Oversampling of the wealthy

  5. Effectiveness of the oversampling

  6. Questionnaire strategy

  7. Imputation strategy

  8. Imputation strategy

  9. Imputation strategy

  10. Assessment of the enlargement of the field

  11. Assessment of the effect of information collection

  12. Assessment of the effect of information collection

  13. Effect of the oversampling – design effect

  14. Effect of the oversampling - counterfactual • Using the design effects, it is possible to compute how high would have been the precision of a given estimator without oversampling • The idea behind: focus on those strata that contribute mostly to increase the precision of the estimator • This basic method provides a tool to arbitrate between gain of precision and interrogation costs • For example, the variance for the gross wealth mean would have been 48% higher in 2010 without oversampling

  15. Conclusion • Enlargement of the field is a desirable option per se • Oversampling had a positive effect on the precision of the estimates – and probably also on the coverage rate • Both innovations in questionnaire and imputation strategies had a positive effect on the coverage effects and come alongside with the oversampling innovation • Still it is not completely sufficient – but consists of interesting methodologies that can be more or less easily implemented

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